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Wednesday, July 18, 2007

-->Possibly related postsTackling the Single-Property Website ConundrumFun with Google map mashups: Introducing the world’s first real estate blogmap (possibly)3Oceans Rises From the Depths Tags:, , , , , , , , , , , , , , , .Post in Real estate, Google, Advertising, Online advertising, San Jose Mercury, Media, Newspapers, Buyer and seller tips, For sellers, San Francisco Chronicle, Disclosures, Preparing a home, San Francisco, Potrero Hill, Yahoo, MSN 6 CommentsBob and Betty Buy a Home (Part 2): We See Some Homes, But Bob and Betty Get Spooked Kevin Boer, Realtor, Alain Pinel Realtors March 29th, 2007Let’s continue the saga of Bob and Betty, our hypothetical first-time home buyers who were introduced in the first of a series of articles I’ll be writing.We met at 9am sharp on Saturday morning at my broker’s office in downtown Palo Alto. Though it’s easier to view homes with clients during open house times, I prefer to do first time tours when nobody else is around.I had an ambitious tour planned: 12 homes in 4 towns along the 101 corridor. Always exhausting for everybody involved — every time I do this I have more liking for the part of the Redfin business model where clients do this bit themselves! — but nonetheless an important part of the whole process.While driving, I pointed out important things about the neighborhoods we were in: The typical types of homes, the price ranges, which school district it belonged to, whether it was unincorporated or not, whether it was in a flood zone, where the nearest parks and public services were. I asked them to comment on what they liked and didn’t like in each neighborhood.At each home we went through the same process, slowly at the first couple of homes, and then more quickly. “What did you like? What did you not like? What did you think of that kitchen? Do you like skylights? Fireplaces?”By the 5th home I’m usually able to “get it” about what clients are looking for, and with this new knowledge, I crossed out 3 of the remaining 7 homes we had to see.Suitably tired, we pulled back up to the office around 1pm to review what we had seen, what they had liked, and what they had not liked. I explained the next bit of the process: getting pre-approved. I’m happy to spend a few hours as a sort of “interview” with prospective buying clients, but before I invest too much more, I need them to put some skin in the game too by getting pre-approved. I generally find that if they’re not ready to dig up their financial records and go talk to a mortgage broker, then most likely they’re not ready quite yet to buy a home.Betty was quite excited about three of the homes we had seen, but it was clear that Bob was losing interest pretty quickly. “Yeah…but nine hundred thousand dollars?” was his most common refrain.We pressed in on that. Bob had been doing his homework the last week and pulled out all the discouraging figures he had found. Housing starts are down. Interest rates are up. Affordability is down. Condo developments in Las Vegas and Miami are being cancelled. How in the world could prices stay where they are here?Prices in the Bay Area are indeed a pretty head-scratching discussion topic as they continue to defy gravity, pessimism, and seemingly the laws of economics year after year. I told them bluntly that neither I nor anybody else could guarantee anything about prices here. It is indeed possible that prices could collapse…by 40%…overnight…immediately after they bought a place. Possible? Yes. Probable? No.I pulled up my secret weapon, Google Earth, on the flat screen wall monitor in the conference room. I zoomed in on the Peninsula and asked two questions: 1) How much land is technically available to build on? 2) How much land is actually available to build on.The answer to the first question is: tons! From the Bay going west pretty much to Highway 280, nearly every square inch of land is already filled in. From the 280 west to the ocean, there are only a smattering of towns, like Half Moon Bay, Pescadero, and La Honda. The mountains make it difficult to build in that area, but we could certainly fit several hundred thousand more homes there.However…it ain’t gonna happen! Most of that land is owned and/or protected by Federal, State, County, or City governments, private trusts, conservatorships, parks, and so forth, and not much building is going on.If you can’t go West, then you have to use the Manhattan strategy: go up. Again, that ain’t gonna happen. San Francisco and San Jose have modest but growing skylines of high-rise buildings, but in between it’s rare to find any structure taller than 8 or 10 stories, and for the most part it’s only up to 3 stories tall. Those zoning restrictions aren’t going to be changing any time soon.Essentially, 50% of the classic economic supply/demand equation is pretty much fixed, so the real question is what will happen with demand?Again, at least for the short and medium term, the answer to that is pretty clear: demand is, and will likely remain, robust. Google and other local tech companies are doing well. Venture capitalists are pulling out their wallets again. Start-up nirvana 2.0 is here. Immigrants from across the country, and indeed the whole world, continue to move here.So, could prices fall by 40% overnight? Absolutely! But in the only scenario I can come up with in which that happens — a scenario which involves an earthquake, a terrorist attack, and bankruptcies of the top 5 tech employers in the area…all within 3 months of eachother — falling equity may not even make the top 10 list of concerns for many people.We parted company, and they promised to get back to me within a few days about whether they were ready to proceed. I had my doubts, mostly about Bob.Sure enough, a few days later I got a phone call from him. “We’ve decided to wait it out,” he said. “We’re just a bit nervous about these prices, and we’re not in a big hurry to buy.”We agreed to keep in touch every few weeks and see how things developed.Welcome to real estate in the Bay Area. Prices are high, and you need a certain amount of faith and intestinal fortitude to dive in for the first time.Share This-->Possibly related postsBob and Betty Buy a Home (Part 1): We Meet, Discuss Their Needs, and Crunch some NumbersThe Bay Area Ain’t The Only Place With Long-Term Gravity-Defying Real Estate Prices!Search for Homes Tags:, , , , , , , , .Post in Real estate, Redfin, Buy vs. rent, Buyer and seller tips, For buyers, Home buying, Choosing an agent, Previewing homes, Google Earth 8 CommentsAnd Redfin wonders why some traditional real estate agents are, um, “hostile”? Kevin Boer, Realtor, Alain Pinel Realtors December 28th, 2006This just in from the “Google Adwords” crazy advertising department…Do a search on Google for the phrase “Redfin Reality” and the only sponsored link you get is this one:“The site Realtors don’t want you to see?” Now that’s a way to spread the love…Glenn Kelman has just got to stop the complaining about the attitude of traditional agents towards Redfin as long as they’re doing this sort of thing. He can eithera) Position himself as being against the traditional industryorb) Expect the traditional industry to embrace him with open arms…but not both.Mind you, I don’t think there’s anything wrong with the ad. In fact, I think it’s pretty clever, actually, and a great way to hook in the type of client Redfin wants, namely those who don’t have much good to say about the traditional industry. But it’s pretty disingenuous for Redfin to complain to complain about not being loved while simultaneously being somewhat, um, hostile itself.Share This-->Possibly related postsRedfin Launches Consumers’ Bill of RightsA Year’s Numbers Come In From The MLS: Agents Who Take More Pictures Negotiate BetterRedfin & and the end of real estate as we know it? Tags:, , , , .Post in Real estate, Redfin, Online advertising, Glenn Kelman, Google Adwords 10 CommentsChanging the way we think about Zillow: It’s a media company, not a home valuation site Kevin Boer, Realtor, Alain Pinel Realtors December 22nd, 2006Ok, class, today’s quiz has two true/false questions. No copying!Zillow is like CyberhomesZillow is like NBCTime’s up…here are the answers:So, how’d you do?Much of the criticism of Zillow centers on the fact that its estimates are not the last word in accuracy, and in many cases can be far off. If Zillow were, in fact, strictly a home valuation site a la Fidelity’s Cyberhomes, that would be a pretty damning indictment. Zillow’s only hope would be to consistently have the best, most accurate estimates in the business, and Cyberhomes would arguably have a better platform to achieve that, since its affiliation with Fidelity gives it access to more data, more accurate data, and more timely data.These criticisms are valid, but they simultaneously miss both a relatively minor and a crucial point, both of which can be illustrated by another analogy, this one between Zillow and Google, arguably the best known online media company.100% accuracy simply isn’t possible: When you type in a search on Google for, say, “Radish recipes,” what you typically get is a “good enough” set of search results to help you find the content you want. It’s an amazing testament to the brilliance of Google’s search algorithm engineers how often within the first page of results you find what you’re looking for. Sometimes, however, the answer isn’t on the first page…or the second or the third…or it simply isn’t found on Google. Somewhere out there on the Internet is the answer, but Google hasn’t found it or classified it or interpreted it correctly for your particular needs. A computer algorithm, however sophisticated, simply can’t always give the right or best answer. Similarly with Zillow, what you often get is a “good enough” estimate. The home’s true value might be $400,000, but Zillow might say $370,000 or $440,000. For many purposes, that’s a “good enough” answer for people to keep coming back, and when they need a more accurate answer — say, they’re planning on selling their home — they bring in an appraiser or a Realtor to give a more accurate estimate. As with Google’s search, sometimes the Zillow answer is way off. As frustrating as that is, it’s just the nature of the beast: A computer algorithm, however sophisticated, simply can’t always give the right or best answer…no matter how smart the engineers, no matter how many data points, no matter how powerful the computer.Successful media companies are all about content and entertainment Google monetizes its search pages by selling relevant ads — just like NBC monetizes Saturday Night Live by selling ads. Google’s “content”, its “entertainment” is the search result and experience.Zillow’s content is all real-estate focussed. During its first season, there were two shows: “Home Value Estimates” and “Sales Prices and Details of Neighboring Homes.” We’ve just entered the second season with the release of a few more shows: “Make Me Move”, “Homes for Sale”, and “Real Estate Wiki.” Just like NBC, some of Zillow’s shows will be hits, and some will be flops. With any enough hits, Zillow will become successful.Don’t get hung up on the fact that Zillow’s “Home Value Estimates” show has inaccuracies in it. These estimates will improve, but they will never be 100% accurate, not only because they can’t be, but because what Zillow is providing is real estate entertainment, not the be-all and end-all of real estate valuation.Share This-->Possibly related postsZillow’s New Features: Friend or Foe? Media Company, or Redfin Redux?A Lexus ad on Zillow?Zillow’s holiday surprise Tags:, , , , .Post in Real estate, Zillow, Google, Online advertising, Eppraisal.com 10 CommentsWow! You leave for an hour, and Zillow changes the world Kevin Boer, Realtor, Alain Pinel Realtors December 7th, 2006I stepped out for an hour….I came back…and the world, or at least my little piece of it, had changed, courtesy of Zillow’s upcoming product release.Quoting Drew Meyer (Zillow PR), the new product release includes three components:Agents and owners can post homes for sales–for FREE.Added a real estate wiki that is seeded with over 100 articles–and opening it up to the community for improvement & expansionMake Me Move–now ANYONE can set a “dream” price for their homeOf my four predictions, only one turns out to be correct: community commentary, which is at least part of what the wiki concept seems to be. (Note to self: Keep remaining three predictions on file — maybe they’ll be part of Zillow’s next release!)Thinking as a traditional Realtor, my thoughts on the three components above are, respectively:Oh #!^%Huh???Huh? again.Putting on my consumer hat:BrilliantBrilliantBrilliantAnd now my Web 2.0 Realtor hat:Brilliant (if I do it right)Absolutely brilliantBrilliant again.1. Agents and owners can post homes for sales [sic] for FREE.Traditional Realtor: “Damn them! First they stole our data, now they’re pulling the MLS rug out from under us, next they’re going to start selling us leads or doing the transaction themselves. I will never — never — advertise there, and I’ll take every opportunity I can to bad-mouth them.”Consumer: “Very, very, very cool. I love how I can get quick-and-dirty estimates of my home’s value. I should let my neighbor John know about this new feature — he’s having a hard time selling his home, and his Realtor should definitely advertise the home on Zillow. I mean, it’s free, so why not? And Joe down the street, who’s also selling his home (but on his own without a Realtor) should also know about this.”Web 2.0 Realtor: “Gotta play this right, but this could be big. I’m already advertising my listings on Craigslist, Google Base, and Trulia; I definitely need to add Zillow to the list and stop wasting my money on enhanced listings on Realtor.com. In neighborhoods I’m trying to break into, I definitely need to start buying some banner ads. If this is where my potential clients are hanging out online, I need to be there too. But…gotta be careful. If the Zestimate for this home is below where I’ve listed it, not sure Zillow is the best place to advertise it. Oh, and here’s another idea: I’ll buy ads in the neighborhoods in which my buyer clients want to move — an easy way of letting the FSBO’ers in that neighborhood know to call me since I may have a client for them.”2. Added a real estate wiki that is seeded with over 100 articles–and opening it up to the community for improvement & expansion.Traditional Realtor: “Wiki?”Consumer: “Nice, very nice. I love Wikipedia, but I can’t always find the really local real estate information I’m looking for. What’s the market been doing in Barron Park lately? How many offers are typically coming in on homes in Palo Alto these days? Hmmm…looks like this 3oceans guy Kevin has some of the answers I’m looking for…maybe I’ll shoot him an email.”Web 2.0 Realtor: “Not 100% certain how to play this, but hey, I’ve got all kinds of content on my blog that I can re-purpose into some interesting Wiki-type content, and this could get me some publicity — help me get known as the local expert on Eichler homes, or on the Fair Oaks neighborhood. Realbird just started something similar at Realki.com — maybe I’ll split my efforts between the two sites and see which gives me better results.”3. Make Me Move–now ANYONE can set a “dream” price for their home.Traditional Realtor: “Yeah, right. Now anybody with a crap Eichler worth $850,000 is gonna put it out there at $1,100,000 and cross their fingers. If it’s my listing, they’ll probably expect me to advertise it in the paper at that price, too, and waste months of my time and thousands of my dollars while they come to their senses.”Consumer: “It’s a bit gimmicky, but also kind of entertaining. I know my home is only worth $800,000, but you know what? If somebody really wanted to offer me $900,000, I’d sell it in a heartbeat! Can’t hurt — I mean, it takes 2 minutes of my time to do it, right?”Web 2.0 Realtor: “Gotta watch these numbers like a hawk. If there’s a home with an unreasonably low Zestimate, and a “Make Me Move” price above that, but below what I think market value is…that could be tasty. If there’s a home with a “Make Me Move” price above market value, but not too much so, might be worth contacting that homeowner and explaining my services.”Now…time to head to the other blogs and see what their reaction has been…Update: (12:41am PST, Thursday, December 7, 2006) — About an hour ago, Zillow President Lloyd Frink posted the announcement. Zillow’s site itself, however, is still not back on.Update 2: (9 minutes later) — Zillow’s David G, in his inaugural post on Active Rain, addresses one of Web 2.0 Realtor’s above issues. Apparently if a home is listed for sale on Zillow, the price that will appear is its list price, not its Zestimate.Share This-->Possibly related postsRealbird’s RealKi Becomes Inman WikiMea culpa twice over and the annoying cowboy error messageFun with Zillow — #1 — Job interviews Tags:, , , , , , .Post in Real estate, Zillow, Lloyd Frink, Realtor.com, Trulia, Google Base, Craigslist 14 CommentsEscaping from tab hell (aka “Google’s taking over my desktop!”) Kevin Boer, Realtor, Alain Pinel Realtors November 18th, 2006I’m constantly coming across nifty blog-worthy items on the Internet. Typically I keep track of them by leaving them in an active Firefox tab:That works fine up until about a dozen…but then what?Enter a new product from Google: the notebook. You install a little widget, and voila! A new option appears on your right-click menu: Note this (Google Notebook). From there, you can drag topics where they belong, comment on them, delete them.Share This-->Possibly related postsThere’s Transparency…and Then There’s Just Plain Dumb!Real estate office in a boxAnother great Redfin idea…about to collide with the reality of the real estate business Tags:, , .Post in Real estate, Blogging, Google Add a commentOutsourcing to your clients Kevin Boer, Realtor, Alain Pinel Realtors November 10th, 2006Patrick Kitano’s recent post on the Internet and outsourcing got me thinking about a pretty neat kind of outsourcing — the kind where you pass off some of your work to your clients, sometimes without compensation.Client outsourcing is one of the drivers behind the Internet’s cost efficiencies. If a consumer can download copies of old checks from a bank’s web site, that means the bank no longer needs a department of people to follow up on requests for dated checks. It’s not that nobody is doing this job any more; it’s that the client is doing it instead of internal staff, and the client isn’t really being compensated for it either, especially when you consider how much bank fees have increased over the last decade.Google does some very creative client outsourcing:Google Image Labeler: This is an entertaining, nearly addictive game, masking its real purpose, which is to provide labels for the millions of images Google has in its archive. Rather than spend millions on technology to scan the images and label them (technology which may not even be completely possible with what we have today), rather than hire several hundred new folks whose sole (and boring) job it would be to write labels — Google has simply outsourced that job to its clients! Pretty neat.Google search: While nobody outside the company knows Google’s secret sauce for ranking pages and relevance, we all know that part of it is analyzing incoming links. The legitimate (non-link-farm) links are generated by millions of real, live people who essentially “vote” on how good a particular page is by linking to it. Again, Google’s users are doing part of its job.What does all this have to do with real estate? Quite a bit, actually — one of the growing current trends in real estate is client outsourcing. In the bad old days of data exclusivity, Realtors took clients around to see properties. Though that still happens a tremendous amount, there are a growing number of home buyers who take themselves out to view properties, thank you very much. Redfin didn’t invent this model, but they certainly have made a big splash about it, and they compensate their clients for doing some of the work by giving them back part of the commission.Share This-->Possibly related postsClientsMy Next Realtor-mobile(R) Will Be A Hybrid — Viewing Dozens of Properties Each Week Adds on the MilesBuying a Mountain View home using electronic signatures while at the Grand Canyon Tags:, , , .Post in Real estate, Google, Disintermediation, For buyers 1 CommentG-spot Kevin Boer, Realtor, Alain Pinel Realtors October 31st, 2006Just alerted to this on Om Malik’s blog — Google just bought Jotspot. The obvious name for this new entity? Take a guess…With that out of the way…what in the world is Jotspot anyway? It’s a neat little Web 2.0 hosted wiki application. What does that mean, and why should that interest somebody in the world of real estate?A “wiki” is simply an online collaborative application. The most well-known is arguably Wikipedia, the public-contribution encyclopedia. Other “wikis” include spreadsheets and maps which have the ability to be used collaboratively.Some clients of mine clued me in to Jotspot earlier this year, and we found it a pretty effective tool for collaborating on the real estate search process. I would upload information about the properties I had previewed for them, and they could see the comments I’d made, add their own, and ask questions. “Did that one have a nice water view? Did the kitchen in that home have the countertop style we prefer?” The information was viewable as a spreadsheet, in map format (which homes have we looked at in this neighborhood?), and as a calendar (which homes did we see last weekend?)Share This-->Possibly related postsYikes! Get these sellers a stager!Carnival of real estate Tags:, , .Post in Real estate, Google, Jotspot 1 CommentSitemaps, sandboxes, and search — whatever you do, don’t annoy Google Kevin Boer, Realtor, Alain Pinel Realtors October 23rd, 2006To enable Google to find everything on your web site — even those hidden, unlinked dark little corners — it’s often a good idea to upload sitemaps, which are…drum roll please… maps of your site.There are any number of sitemap-generating tools available to do this, but my personal favorite is one written by Arne Brachhold, who is apparently a full-time student in Germany who writes open source code in what little spare time he has. Arne’s tool works just brilliantly and is already quite popular among Wordpress bloggers.The neatest feature is one that also just got me in a bit of trouble. You can configure it so that whenever you change anything in your blog — a new post, a changed heading, whatever — it automatically updates the sitemap and then pings Google.Usually, that’s probably the best way to go. However, yesterday I was busy testing some features, like email-to-blog and some new tagging plugins. Each time I made a change, Arne (his software, actually) generated a new sitemap and sent it to Google. Turns out Google gets annoyed if you ping it too often with new sitemaps, so I temporarily got put in the infamous (and possibly mythical) Google sandbox until I started behaving myself. Google simply ignored the new sitemaps and callously refused to update its index with my new, compelling content, depriving my loyal readers of latest nuggets.Moral of the story — turn off automatic Google pinging if you’re about to make a number of changes, then turn it back on afterwards. Afterall, there’s no sense in annoying Google!Share This-->Possibly related postsFun with Zillow — #2 — Blind datesThe Scarabaeidae Scarabaeinae Contest: What Does Google Consider You An Expert In?Fun with Google map mashups: Introducing the world’s first real estate blogmap (possibly) Tags:, , , .Post in Real estate, Google, Google sitemaps Add a commentInvasion of the Europeans Kevin Boer, Realtor, Alain Pinel Realtors September 16th, 2006I’ve been having way too fun much lately examining my blog’s traffic in Google Analytics. Some of today’s visitors came from obscure places in Europe:Carcavelos, PortugalKingsey, EnglandSogutagzA, Turkey (technically Asia, I suppose, since it’s well east of the Bosphorus)While I’d love to think that my compelling content is drawing readership from halfway across the world, I think it’s more likely they stumbled upon it using the “Next blog” button in Blogspot.Honorable mention also goes out to Albuquerque, NM, and Lake Zurich, IL.
posted by brijesh agarwal @ 10:11 PM 0 Comments
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Nestled between the Blue Ridge Mountains & the Piedmont Regions of North Carolina, Hickory and Catawba County has received both national & regional awards as one of the best places to raise a family, start a business, launch a career, or retire. Let us welcome you home to Hickory, NC. 170 555 35 Property in France for sale & for rent.France For Sale By Owner. 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Free Real Estate listing with pictures For Sale By Owners in California. 141 850 40 fsbovolusia.comFSBO Volusia is a real estate marketing service dedicated to connecting FSBO or “For Sale By Owner” sellers in Volusia County Florida with buyers from around the nation and around the world. See Real Estate in beautiful Daytona Beach, Port Orange, Ormond Beach, Deland, Deltona and throughout Volusia County. 136 532 41 For_Sale_By_OwnerReal Estate - Land - For sale by owner 131 1430 42 FSBO Seller BlogAdvice for FSBO sellers. 125 468 43 AA1 Luxury Spanish Golf property .the biggest golf Resort and course in europe, in MurciaWe sale direct from the biggest Golf Resort in europe, spanish luxury Golf propertys from 120.000 Euros. Reserve your off plan Propertie now and save 20%. 123 579 44 Windsor Capital Mortgage CorporationUse our free service to advertise your home online. 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Money saving home selling and buying articles and tips added daily. visit today for a free 40-page How to Sell Your Own Home E-book! 77 505 51 Plot of land 167 000 sq. m. on Black Sea beach for saleThe plot location is 18 km distance on Varna city and is bordered by Black Sea beach. The plot is forests and glades and covers the whole beach on bay. This is the unique possibility to be built independent Black Sea beach resort on exotic place near to big city with airport. 75 707 52 HLScanada.comHLScanada - The alternative to MLS, FSBO home listings without the fee 70 318 53 Industrial plot of land 200 000 sq.m. - Location Varna city - Bulgaria for saleThe plot location is in Varna city industrial zone and be bordered by Varna Lake beach. The plot has industrial statute. Near the port is situated the big port and airport. Highway and railway run by the plot. In the plot can be built factory, industrial store, port, and junction. The plot location is in the area, which will be duty-free zone soon. 69 674 54 The Homes

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